DUBAI, September 4, 2025 – Ripple, the leading provider of digital asset infrastructure for financial institutions, is making its enterprise-grade, USD-backed stablecoin Ripple USD (RLUSD) available to retail customers and institutions in Africa through a new manifestation of its partnership with Chipper Cash.
RLUSD was created with trust, utility, and compliance at its core, and backed by Ripple’s many years of experience working with both crypto and traditional finance. Since its launch in late 2024, RLUSD has experienced strong global adoption, approaching $700 million in market capitalization, underlining demand for a compliance-first USD-backed stablecoin. RLUSD sets the standard for stablecoins, combining innovative functionality with the regulatory rigor and credibility of an NYDFS-issued New York limited purpose trust company, further highlighting Ripple’s leadership in fostering trust and transparency in digital assets.
“RLUSD has quickly become established in enterprise financial use cases, from payments to tokenization to collateral in both crypto and traditional trading markets. We’re seeing demand for RLUSD from our customers and other key institutional players globally and are excited to now begin distribution in Africa through our local partners,” said Jack McDonald, SVP of Stablecoins at Ripple. “We also recently enabled RLUSD in Ripple Payments, extending the breadth of stablecoins available in our cross-border payments solution to better serve our customers in Africa and worldwide.”
“After establishing our partnership with Ripple earlier this year to support faster, cheaper, more efficient cross-border payments into Africa, we were keen to make RLUSD available to our clients as soon as possible,” said Ham Serunjogi, Co-Founder & CEO at Chipper Cash. “RLUSD is uniquely positioned to drive institutional use of blockchain technology across Africa and broader global markets, including through cross-border payments.”
RLUSD is ideal for a number of enterprise financial use cases including facilitating instant settlement of cross-border payments; accessing liquidity for remittance and treasury operations; integrating with decentralized finance (DeFi) protocols; reliably bridging between fiat currencies and the crypto ecosystem, ensuring seamless and efficient transitions when entering (on-ramping) or exiting (off-ramping) the crypto space; and providing collateralization for trading tokenized real-world assets such as commodities, securities, and treasuries onchain.
--
About Ripple
Ripple is the leading provider of digital asset infrastructure for financial institutions and other enterprises—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple’s solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record of working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world creates, stores, manages and moves value.
About Chipper Cash
Chipper Cash is a financial technology company serving more than five million customers across the African continent. In 2018, Chipper Cash revolutionized moving money in Africa by providing a frictionless way to send and receive money cross-border. Since then, Chipper has increased its product suite by offering personal investments and digital business transactions and expanded its reach into the US. Led by co-founders Ham Serunjogi and Maijid Moujaled, Chipper Cash is focused on its mission to provide the most trusted and accessible financial services for people living in Africa and beyond.
Media Contact: media@chippercash.com